Well go right ahead and hang onto all those lines of code. I'll stick to what has proven over the years to hold its value. But to make more digits, its all about buying and selling at the right time. Get in the get out. To spin it, it's timing the markets not time in the market.
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Crypto is not money it's a "TRANSACTION SYSTEM" and one that's going to replace money including things that represent it like Gold. I wouldn't doubt if Gold isn't traded in 30 years. You're not understanding the changes that are coming and as this commercial says, it's going to be dramatic. You can't see what's in front of you if you're looking behind you. (in the past)
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Deen:
*Just to clarify. I watch a lot of Finance videos that might be considered non-mainstream.
A few basic takeaways that any reasonable mind would come to:
1) The Fiat money system is a joke. How could one think otherwise?
2) Silver/Gold have been money for a long time, at least 2000 years. Worth studying.
3) Fiat de-basement means seeking out other stores of value.
On point 3, reasonable minds can have different opinions. The concept of sound money has tied to precious metals for a long time. Many (but not all) have come to view Bitcoin as sound money, so Bitcoin doesn't necessarily have to COMPETE against Gold/Silver.Where's the fuckin power box, Carol?Comment -
I don't know homie, he's just adovcating for cypto as we are on the cups of tech changes.
Unless he starts selling you a shitcoin, I'd just take it for another set of thoughts on the subject.
Dude likes crypto, there may not be much more to it.
A lot of the crypto community are seeing overall upside over downside at this point, won't take much to trigger excitement.Comment -
That's not true I was a member back in 07' but I can't find my password for that username. I've mentioned it in one of my posts and I even message the moderator to ask if I can somehow access my old name but no response.
Ok I can answer these 3 points as they come from the same point of view that I once had.
1. The fiat money system is NOT a joke. Your opinion of that is from the alternative media like the Ron Paul crowd. Explanation below
2. Silver/Gold have been "the basis" for money for a long time. The 2000 year mark is a soundbite all the alternative media crowd seems to bark. We don't really know the duration. Even if 2000 years that's like saying the Boston Celtics are 27-5 in game 7s in the Garden since 1983. You know as a gambler that is a meaningless stat because it's not the same players, the same crowd, or even the same stadium. The environment we're heading into is unlike anything history has ever seen so why would you reference history?
3. Also answered below.
The fiat money system was policy from the fed reserve upon their creation 1913. Had we stayed on the old finite money system we could NOT have expanded and developed so quickly. Right after the fed got us off the gold standard the BOOM of the 1920s happened. In a finite money system if you want to build skyscrapers, highways, hospitals, stock market trades, money for buying countless needless goods and services you had to dig for more gold to represent that money creation. People saving money would be hurting the system of development and if you dug up more gold it would devalue the gold people had in savings anyway. Things like gambling and charging interest were prohibited by religions because it hurt the system since it was finite. This is no longer the case with fiat. We have had since the late 1800s the biggest jump for development mankind has ever seen and it could NOT have been possible under a finite money system. The fed know exactly what they are doing.
Keep in mind 2 very basic things:
1. Money is only a unit of measurement which measures a good/service vs another good/service it is NOT the good/service itself. If the money system collapsed all the shit it motivated people to build.... ain't going anywhere.
2. Crypto is NOT money it's a transaction system. it's a record of exchanges. On that "coin" or in those lines of code are records of every transaction. IT'S A TRANSACTION SYSTEM!
it's one thing to have the small minority of transactions in crypto but quite another to have all the transactions globally done with crypto because the infrastructure isn't quite there yet. Believe me the fed is working on a crypto but if they came out with it first it would wake up the new world order crowd. This is a better way to introduce it and make it seem like a natural occurrence.Comment -
I'm not opposed to crypto, hell I used to smoke some stuff they called Krypto back in the days before legalization. Then the newer stuff came out and things got better. When bitcoin falls off the map again here with the QQQs, I plan on picking it up at around the $10K-$12K range to hold onto forever like I do my gold. I just hope we don't have an EMP event or something that wipes out the electrical society we have created. Gold and silver's problem is the transfer ability and not the fact that its finite. The world can expand well enough on a finite currency exactly the same way it does with the fiat. Fiat is just a way for governments to siphon money from the people.
I think eventually there will be a digital crypto coin that takes hold and weeds out all of the other 10000 contenders. A system that is backed by gold and has a digital exchange system would be my preference. Since nobody trust anybody else, there would ideally be a few vaults that have a shyt load of cameras linked to a website somewhere so we can always look at a live camera and see it sitting there. Preferably these vaults would be in a remote location that is not controlled by any amalgamation of controllers such as governments or just some group of rich assholes. A place that is remote yet accessible so that the free exchange thereof can be achieved. I think that place is at the bottom of the oceans. Maybe a few times a year some Jacques Cousteau type can make a trip to the locations and do the deal with adding or subtracting the Gold. Of course Jacques would stay on the ship as he always did back in the day (1980's) making sure the croissants were light and fluffy while some underling goes down to the shark invested waters to poke around a bit.Comment -
KDeen we have a Bitcoin thread going.
Do you have recommendations on stocks, ETF's, mutual funds you'd like to share here in this thread and then the Crypto stuff can go in the other thread?Comment -
Maybe sometime this week. I'll further explain my position on Fiat verses real money in another thread if I get some time. Kinda busy with the slurry pumping bidness right now and plotting the impending falling off a cliff of the stock market.
Anyway, a short squeeze on Friday was not unexpected and it really started on Thursday afternoon when the SPY reached the $404 level, spiked through it and then ran way back up to pretty much finish above the 20DMA for just a slight down week. All of those spots I mentioned for the upside are still in play $422, 419, but now since it is a little lower we can add $415 to the mix as the 1st place I'm willing to take a short day trade or til the end of the week trade with some PUTS. Just a toe in the water there as $415.75 - $416 is next in line.
For individual stocks, still like my ZIM call, which did hit my price between $16.75- $16.50 last week. Actually spiked all the way down to $16.20 before riding the wave back up on Friday to $17.50. Still like it but since I got 6% in about 2 days, any weakness and I will probably sell some of it and book some profits before jumping back in at the $16.50 spot again.Comment -
fiat money is definitely a joke/scam, no idea how anyone can think otherwise... every single fiat money system has deteriorated in value or became completely worthless
if your great-great-grandparents put all their wealth in cash in their mattress, the buying power they had would now be worth less than 5% of that buying power... so your family wealth would've lost 95% in value in cash, and retained all of its value in gold
i know for certain that platinum, gold, silver are rare and valuable metals that will still be rare and valuable 50 years from now. yes silver was 50 on that ridiculous rally, nobody said you have to buy at the peak... silver and gold are both UP over 1 year, up over 5 years, up over 10 years, up over 15 years... and fiat dollars are DOWN in any one of those time periodsComment -
and if anyone has been moving bitcoin lately, without paying $35 on $1000 the transaction just sits there all day... binance halted transactions again, betonline is practically begging people not to use bitcoin, etcComment -
90% Silver now selling for 30x Face.Where's the fuckin power box, Carol?Comment -
I explained my point and very thoroughly. So far no one has provided an explanation about their point of view.. you know why... because they don't know they are just repeating what they've heard all these years.
I'm calling you out. You can NOT explain to me why fiat is a scam. I explained why your great grand parents example is not relevant.
Do you think people buy at the peak because they know it's the peak? C'mon on man!!!Comment -
Hey KDeen10, I'll let you know my fiat stance soon enough so you can be satiated, but relax things don't happen in a fast time line for me unless you're day trading. The bigger picture of the markets are telling me that we got some falling off the cliff type moments coming. That's not to say all the markets won't move up in the meantime. Today we get the inflation data, and later they're gonna wheel old Joe to the oval office for a meeting on the debt ceiling. This should produce the volatility I like for the next couple of days. So some numbers on the SPY that mark interesting areas are 415. 415.5, 416,417.50, 419 and 422 for the upside runs. Looking for some good scalps at these levels. How about when going down? That buying the dip trade has been pure gold lately. 411, 409, 408, and 407 all have reasons to be supported, but a strong falling knife move to 404 would produce a scalp trade at the least. It would be the 3rd bite at that Apple so a high likelihood of failure is expected. 401.50 would be a bear fake out spot Taylor made for the trick trap fool and fun you sideways crowd, and below that this week will be discussed if needed.Comment -
it is money printed out of thin air, that only has value because people share the same delusion that it has value... why is a $100 bill worth 100x a $1 bill? same paper, same size, only real difference is a couple zeroes printed on it... the federal reserve isn't federal and has no reserves
fiat money is a means of stealing productive wealth and handing it to bankers, hedge funds, and other people that do no physical labor... or handing $180 billion to ukraine
you say nobody explains their point of view but i feel like there's been good discussion here. "money" should only be used as a means of measuring the worth of assets if it's backed by something tangible, and not backed by debt... that's why after the usa went off the gold standard we have had nothing but bullshit wars and wasteful spending to keep increasing the gdp and keep increasing the debt, and now it's all coming home to roost with ridiculous inflationComment -
gold is a rare and precious metal, that has utility because of its beauty and durability... used in jewelry, computers, medicine, dentistry, etc.
i would include bitcoin and all other crypto coins in the scam category... i've owned some that you could say had "utility" like being able to farm/stake, but that can certainly be argued... like the "utility" of a nft like bored ape that gets you into bayc where you can chat with steph curry, not sure there's value in that lolComment -
These are sound bites Mike. I've heard these exact statements word for word so many times before ESPECIALLY when Ron Paul was running.
You have not provided an explanation you have provided sound bites.
Play it out how would money backed by Gold have worked over the last 100+ years? We built so much more than any time in history AND the population has increased from 1.5 billion to 8 billion. Where's all the money going to come from to support all these people? How much Gold do you think is down there? Every time you need to increase the money supply for development you need to dig for AND refine the gold and here's the shocker, you'll have to pay people to mine and refine it they're not going to do it for free.
Money for cancer research, heart disease, space exploration, rebuilding infrastructure, ect etc. where's all that going to come from? Sorry cancer patients we couldn't find any gold so you'll just have to wait. How many great grandpas are stuffing money into the mattress which would hurt the system. Saving money in that system would really hurt the system. You know what else would hurt the system GAMBLING! How would that work in your backed by Gold money? IT WOULDN'T!
Money backed by Gold worked in preindustrial times because there wasn't 8 billion people and there wasn't much of anything around yet for the money to represent it and of the 8 billion people most of them do NOT have the cushy standard of living Americans have but if they did where would all that money come from? If Gold is that rare is there really enough to have a system in the modern era backed completely by Gold? C'mon man think!!!
By the end of the century we will have a resource backed system. Money is nothing!
By the way this inflation that you're talking about is very temporary. We will be deflating like a ballon with a leak and very soon. For the record rising prices are NOT inflation and is a result of inflation which is the increase in overall money supply.Last edited by KDeen10; 05-09-23, 09:46 AM.Comment -
Ok gold has many properties that other metals have but the unique mix and extent of these properties make it superior in many aspects. It is highly malleable, think of gold leaf. No other metal can be stretched out to this extent. It also conducts electricity really well, although in this category silver and copper beat it out. Gold ranks the highest in being non reactive, which is to say it doesn't tarnish rust or corrode. It is really high in density meaning thermal conductivity is very high or more efficient than other metals.Comment -
I really like Russian Rubles at this price, and also I think the Mexican Peso may be undervalued.Comment -
Plug
I know a few of us hold "Plug". Following is an excerpt from Luke Lango and Innovation Investor who also hold the stock.
- Plug Power (PLUG) drops the ball on earnings again – we’re tired of the continued mis-execution and are moving to “Hold.” Plug Power represents the most promising hydrogen company in the world. However, management continues to over-promise and under-deliver, fumbling the execution of the company’s promising long-term growth strategy. Last night was the “nail in the coffin” for us, so to speak. In its quarterly earnings report, Plug Power cut its 2023 revenue guidance from $2 billion to $1.3 billion. We also didn’t see any mention of the company’s ultra-ambitious long-term growth targets. Frankly, we’re tired of Plug Power’s management. We’re long-term believers in the Hydrogen Economy and Plug Power’s competitive positioning in the space. However, we’re simply exhausted from the mis-execution here. We’re moving PLUG stock to “Hold.”
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I'm in Milw Mike's camp. I think there are two historical events to ponder:
*1965: Johnson takes Silver out of the coins.
*1971: Nixon takes US off the Gold standard.
Ergo, people haven't thought about Ag/Au as much in the L52 yrs. Eventually, chickens come home to roost.Where's the fuckin power box, Carol?Comment -
they will be declared illegal, just like holding gold was illegal and might be again at some point
also, pretty hard to safely barter firearms when they are pointed at you... paint my house and i'll give you some bullets, oh whoops i forgot to say how i would deliver the bullets, right in your head
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New technology is NOT to be traded because it can run away from you. Buy and hold it. If hydrogen technology was already in everyday use and the stocks were at this point I'd say it's not worth holding but it's still a baby. There are states lobbying to be a hydrogen hub as there will be 4 hubs throughout the U.S. The stock market is a casino and now with easy access to where an 18 year old can buy it with a click not to mention how fast news travels, stocks can run really fast and really far in a short period of time. Look at Tesla is 2013 the chart is almost straight up. Smart money is in way before public money.
Again I'm all in on hydrogen but Ballard is my baby. They have a solid balance sheet. Look at the recent contracts plug, ballard and fcel have received. It may not be tomorrow but it's DEFINITELY coming.
You people are just soundbites. This is another thing I heard a lot of when Ron Paul was running. Shit's not hitting any damn fan so stop it. It's not to say we won't have a serious recession and maybe even a depression DUE TO AI not QQQ shit or whatever else the media throws in your head. The government is ready for it this time and have been preparing for many years. They knew about the comings long before I did and have been preparing. What do you think all the UBI talk has been about?Last edited by KDeen10; 05-10-23, 09:04 AM.Comment -
(5) Mark Cuban on Future of Jobs - YouTube
Mark Cuban on the future of jobs. I watch Bloomberg a lot and I remember seeing this back in I think it was 2017. He's saying the same thing guys listen to him and try and understand what's going to happen.Comment -
deen you sound like a condescending know-it-all
"stop it" "you people" "i'm calling you out"... these aren't words adults use in civil discussionsComment -
some "shit hits the fan" thoughts... look how easy it was to close every school, church, shopping mall, sporting event, etc in almost every major country... while telling people they could riot and loot, but couldn't visit their dying loved ones in the hospital, and couldn't have a wedding or funeral
3 of the 4 largest bank failures in history recently, dollar continues to lose purchasing power, generation z has no interest in work or motivation, heck they don't even know what gender they are in many cases
i would say the shit has already hit the fan and people just don't realize it yetComment
